Once a rich man said, “Buy Assets, Not Liabilities,†and as the saying goes, real estate has since become one of the top investment choices.
Real Estate Interests in Thailand: A Growing Trend Among Myanmar Nationals
In recent years, following the political changes in Myanmar, an increasing number of its citizens have turned to investing in real estate in Thailand. This trend is driven by a desire for financial security, better living standards, and long-term stability. The growing interest in Thai properties reflects not only economic motivations but also lifestyle aspirations.
There are several key reasons behind this rising trend. First, the instability of the Myanmar currency and the uncertainty in the domestic economy have pushed many to look for more reliable investment options abroad. Second, Thailand’s well-established property market, coupled with its stable economy and strong tourism sector, makes it an attractive destination for investors. Third, many Myanmar nationals are working or studying in Thailand, making it easier for them to consider property ownership in the country.
Types of Interest: Investment and Family Living
Myanmar nationals have two main interests when it comes to real estate in Thailand: investment and family living.
Investors, typically aged 35 and above, often split their time between Myanmar and Thailand. They are motivated by the need to protect their wealth from inflation and currency devaluation. By investing in Thai real estate, they gain access to a more stable asset that can appreciate over time. These individuals often look for properties in prime locations that offer good rental potential and long-term value.
On the other hand, those aged 30 and above who are currently residing in Thailand for work or business purposes tend to buy property with the goal of improving their family's quality of life. For them, owning a home in Thailand represents not just an investment, but a step toward a more secure and comfortable future for their loved ones.
Location Matters: Urban Convenience
When it comes to choosing where to invest or live, location is a top priority. Many Myanmar buyers prefer properties in central areas such as Pratunam, Phetchaburi, Pra Khanong, On Nut, Rama 9, and Rama 4. These neighborhoods offer easy access to shopping centers, transportation, schools, and healthcare facilities—key factors that enhance the appeal of urban living.
Price Range: Diverse Options
Myanmar investors usually target properties within a budget range of 1.5 million to 5 million Baht for one-bedroom units, while two-bedroom apartments can cost up to 8 million Baht. This wide range allows for flexibility and caters to different financial situations, making real estate in Thailand accessible to a broad group of buyers.
Unit of Measurement: Square Feet
Many Myanmar investors are more familiar with square feet as a unit of measurement, which helps them better understand the size and value of the properties they are considering.
Engaging with Agents: Navigating the Process
Purchasing property in a foreign country can be complex, especially when dealing with legal, language, and cultural differences. As a result, many Myanmar buyers choose to work with real estate agents. These professionals provide valuable guidance, helping buyers navigate the process and avoid potential pitfalls.
Agent Fees: Costs to Consider
While real estate agents are helpful, their fees can add up. Typically, agents charge between 3% to 5% of the property’s value, and sometimes more for high-end properties. Despite the added cost, most investors find it worthwhile to ensure a smooth and secure transaction.
Rental Market: High Demand
The rental market in Thailand is highly competitive, particularly in urban areas. Many Myanmar investors opt to purchase properties for rental income rather than for permanent residence. With consistent demand for housing, these investments can generate steady returns over time.
Other Property Types: Beyond Condos and Apartments
While condos and apartments remain popular, some Myanmar buyers are also interested in townhouses and villas, provided they meet local regulations. These options offer more space, privacy, and a different lifestyle, making them appealing for families or those seeking a more luxurious living experience.
Thailand stands out as a prime real estate destination due to its strong tourism industry, economic stability, and strategic location. The presence of reputable developers further enhances the appeal of the market. With so many advantages, it's no surprise that more and more Myanmar nationals are turning to Thailand for their real estate needs.
Property Developers: Trust and Brand Recognition
Several well-known property developers in Thailand are popular among Myanmar buyers. Some of the most trusted names include:
- Ananda Development
- AP (Thailand)
- Asset Wise
- Land and Houses
- LPN Property
- Noble Development
- Origin Property
- Raimon Land
- Risland
- SC Asset
- Siamese Asset
- Sansiri
- Supalai
These developers are known for their quality projects, transparency, and customer service, which gives buyers confidence in their purchases.
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